Angola wants to attract Russian investments

Angolan Foreign Minister Manuel Domingos Augusto speaking at the EurAfrican Forum in Estoril, on July

Angolan Foreign Minister Manuel Domingos Augusto speaking at the EurAfrican Forum in Estoril, on July 10, 2018. ANTÓNIO COTRIM/Lusa

  |  Antonio Cotrim/lusa

After meeting with his Russian counterpart, Angolan Foreign Minister Manuel Domingos Augusto said the country is receptive to Russian investments

"We would like to ask for Russia's assistance in creating a new Angola, more open to foreign investment. We would like to confirm and reiterate the request our leader has addressed to Russian President Vladimir Putin to help the Russian private sector participate in the Angolan economy through direct investments," said the official, quoted by Russian news agency TASS.

According to the same source, Manuel Domingos Augusto said that Angola offers many opportunities to private investors.

"We wish it weren't only Russian state-owned companies making direct investments," the Angolan Foreign Minister added.

Privatizations will be implemented through various means: public tenders, stock exchange, stock exchange auctions, and tenders limited by eligibility.

At a joint press conference with Manuel Domingos Augusto, Russian Foreign Minister Serguei Lavrov said that during the country's presidency of the UN Security Council in September, Russia intends to focus the organization's attention on the African continent.

"Russia will chair the UN Security Council next month, in September, and one of the key issues on our agenda is helping people in Africa solve their crises, conflicts, and other situations," Lavrov said in Moscow.

The Russian city of Sochi will host the first Russia-Africa summit on October 24. Over 50 African countries will attend the event.

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